Jadestone Energy Plans Vietnam Offshore Gas Development with 21-Mile Pipeline
(Reuters) — Singapore-based oil and gas development company Jadestone Energy Plc has submitted a plan to state-controlled PetroVietnam to jointly develop two offshore gas fields in southwest Vietnam, it said on Tuesday.
The proposal includes drilling two wells in the Nam Du and U Minh fields to support a plateau gas production rate of 80 million standard cubic feet a day, Jadestone said in a statement.
Development of the Nam Du and U Minh gas fields would lessen Vietnam’s future dependence on expensive liquefied natural gas imports, Jadestone said separately on its website.
The gas will be tied to a floating production, storage and offloading unit (FPSO), where it would be processed and exported onshore through a 34 km (21 mile) pipeline to the nearby Ca Mau industrial complex.
Jadestone has operations across Southeast Asia and Australia. This project would mark its first foray into Vietnam.
The company did not provide a timeline for gas production, but said it was aiming to finalize a gas sales agreement with a buyer, which it did not identify.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- New Alternatives for Noise Reduction in Gas Pipelines
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Newsom Seeks to Aid Struggling Refiners Following Valero’s California Exit
Comments